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| Author: | Uhlig, H. |
| Title: | Do technology shocks lead to a fall in total hours worked? |
| Journal: | Journal of the European Economic Association
2004 : APR-MAY, VOL. 2:2-3, p. 361-371 |
| Index terms: | hours of work labour productivity technology |
| Language: | eng |
| Abstract: | This study contributes to the debate initiated by Galí in 1999. It provides a theory with capital income taxation, labour hoarding as well as long-run shifts in the social attitudes, to the workplace - modelled as "leisure at the workplace" - to argue that there are other shocks that may influence labour productivity in the long run. The study introduces "medium-run identification" and shows it to be superior to long-run identification or standard short-run identification, when applied to artificial data. |
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